Madrid, Spain – A recent analysis of the Spanish real estate market, based on November 2025 data from Pisos.com, highlights a significant concentration of the country’s most expensive residential areas within four major cities: Madrid, Palma, Barcelona, and Málaga. Notably, Madrid stands out, claiming 17 of the top 25 most exclusive neighborhoods, where property prices consistently exceed the national average of 8,508 euros per square meter.
Madrid’s Historic Neighborhoods Lead the Luxury Market
The capital’s dominance in the high-end property sector is undeniable. The top three most coveted neighborhoods in Spain are all located in Madrid. Recoletos leads the national ranking with an impressive price of 15,451 euros per square meter. Following closely are Castellana, at 13,169 euros, and Jerónimos, with properties valued at 12,971 euros per square meter.
Palma’s Sant Nicolau breaks Madrid’s initial streak, securing the fourth spot with a price of 11,846 euros per square meter. However, Madrid quickly regains prominence with Lista and Goya, where prices hover around 11,493 euros. These neighborhoods are highly sought after due to their prime locations, well-maintained urban environments, and robust residential demand.
Top 10 Most Expensive Neighborhoods in Spain:
- Recoletos (Madrid): 15,451 euros/sqm
- Castellana (Madrid): 13,169 euros/sqm
- Jerónimos (Madrid): 12,971 euros/sqm
- Sant Nicolau (Palma): 11,846 euros/sqm
- Lista (Madrid): ~11,493 euros/sqm
- Goya (Madrid): ~11,493 euros/sqm
- Justicia-Chueca (Madrid): Price not specified, but within top 10
- Almagro (Madrid): Price not specified, but within top 10
- Ibiza (Madrid): Price not specified, but within top 10
- Diagonal Mar-El Front Marítim del Poblenou (Barcelona): 10,477 euros/sqm
The top 10 is rounded out by Justicia-Chueca, Almagro, and Ibiza, all situated in Madrid. Barcelona makes its appearance at the tenth position with Diagonal Mar-El Front Marítim del Poblenou, boasting prices of 10,477 euros per square meter. This area is distinguished by its coastal proximity and modern urban development.
Beyond the initial top ten, Madrid continues to feature prominently. Trafalgar holds the eleventh position with 10,325 euros per square meter. Málaga enters the scene with La Térmica-Sacaba Beach, reaching 10,020 euros per square meter. The list further includes neighborhoods such as Pedralbes in Barcelona, and El Viso, Nueva España, or Concepción in Madrid. Exclusive areas of Málaga like La Malagueta-Monte Sancha, as well as Son Vida and La Calatrava in Palma, also make the cut. The ranking concludes with well-known neighborhoods such as Universidad-Malasaña, La Dreta de l’Eixample, and Bellavista-El Morlaco.
Urban Disparity: Four Cities Dominate, Murcia Offers Affordable Alternatives
The analysis of property prices across capital cities underscores the significant territorial disparities within the Spanish real estate market. Madrid records an average price of 7,303 euros per square meter, translating to over 657,000 euros for a typical 90-square-meter home. Palma follows with an average of 6,012 euros, while Barcelona stands at 5,512 euros. Málaga completes this group with an average price of 4,664 euros per square meter.
In stark contrast, Murcia emerges as the most affordable option, concentrating 16 of Spain’s 25 most economical neighborhoods. This situation presents a distinct market reality, offering a viable alternative for those seeking housing at more accessible prices.
Source: brainsre.news
